Peter Brandt: Bitcoin can update its historical high at $ 125,100

Bitcoin BTC $112,052.00 Mezo Wrapped BTC 2.11% Market capitalization $38.17 million VOL. 24 hours $3.19 billion may again approach its all-time high of $ 125,100 next week, but another significant collapse is likely before that, according to well-known trader Peter Brandt. According to him, the market is on the verge of two scenarios: either a «massive shakeout» will occur, followed by a rapid record update, or the current parabolic trajectory will be broken, which in the past has led to falls of 75%. «I think that the era of 80% declines is over, but a return to $ 50−60 thousand is quite possible,» the analyst said.

The crypto market collapsed on Friday, October 10, after US President Donald Trump announced a 100% duty on Chinese goods. This led to the liquidation of positions worth more than $ 19 billion. After dropping from $ 121,000 to $ 102,000, Bitcoin partially recovered, trading at around $ 112,400, according to CoinMarketCap. Charles Edwards, founder of Capriole Investments, emphasized that the situation is a «reminder of the risks of excessive leverage,» even at 1.5x.

Despite the volatility, Edwards described his short-term outlook as «cautiously positive.» Meanwhile, Arthur Hayes, co-founder of BitMEX, said that the current market situation could be a favorable opportunity to buy assets. He drew attention to the signals of US Federal Reserve Chairman Jerome Powell about the end of the quantitative easing policy, which, according to Hayes, opens the way to a looser monetary policy: «Load up the truck and buy everything,» he wrote.

Swyftx platform analyst Paweł Gundal added that the macroeconomic situation is the key factor for Bitcoin at the moment. Inflation in the US has reached 2.9%, the highest level since January, amid falling oil prices and a weakening labor market. According to him, the Federal Reserve may cut rates as early as this month, which will create a «golden mean» for cryptocurrency growth.

Macroeconomist Lin Alden also believes that the next quarter could be favorable for Bitcoin. She noted that the current combination of monetary and market conditions creates the preconditions for a gradual price recovery and potentially updating the highs in the medium term.